Common use of Death, Retirement or Disability Clause in Contracts

Death, Retirement or Disability. The Employee’s employment shall terminate automatically upon the death or Retirement of the Employee during the Employment Period. For purposes of this Agreement, “Retirement” shall mean normal retirement as defined in the Company’s then-current retirement plan, or if there is no such retirement plan, “Retirement” shall mean voluntary termination after attaining age 65. If the Company determines in good faith that the Disability of the Employee has occurred during the Employment Period (pursuant to the definition of Disability set forth below), it may give to the Employee written notice of its intention to terminate the Employee’s employment. In such event, the Employee’s employment with the Company shall terminate effective on the 30th day after receipt of such written notice by the Employee (the “Disability Effective Date”), provided that, within the 30 days after such receipt, the Employee shall not have returned to full-time performance of the Employee’s duties. For purposes of this Agreement, “Disability” shall mean the inability of the Employee, as determined by the Board, to perform the essential functions of his regular duties and responsibilities, with or without reasonable accommodation, due to a medically determinable physical or mental illness which has lasted (or can reasonably be expected to last) for a period of six (6) consecutive months.

Death, Retirement or Disability. The Employee’s employment and the Employment Period shall terminate automatically upon the Employee’s death or Retirement of the Employee during the Employment PeriodRetirement. For purposes of this Agreement, “Retirement” shall mean normal retirement as defined in the Company’s then-current retirement plan, or if there is no such retirement plan, “Retirement” shall mean voluntary termination after attaining age 6565 with ten years of service. If the Company determines in good faith that the Disability of the Employee has occurred during the Employment Period (pursuant to the definition of Disability set forth below), it may give to the Employee written notice of its intention to terminate the Employee’s employment. In such event, the Employee’s employment with the Company shall terminate effective on the 30th day after receipt of such written notice by the Employee (the “Disability Effective Date”), provided that, within the 30 days after such receipt, the Employee shall not have returned to full-time performance of the Employee’s duties. For purposes of this Agreement, “Disability” shall mean a mental or physical disability as determined by the Board in accordance with standards and procedures similar to those under the Company’s employee long-term disability plan, if any. At any time that the Company does not maintain such a long-term disability plan, Disability shall mean the inability of the Employee, as determined by the Board, to substantially perform the essential functions of his her regular duties and responsibilities, with or without reasonable accommodation, responsibilities due to a medically determinable physical or mental illness which has lasted (or can reasonably be expected to last) for a period of six (6) consecutive months.

Death, Retirement or Disability. The Employee’s employment shall terminate automatically upon the death or Retirement of the Employee during the Employment Period. For purposes of this Agreement, “Retirement” shall mean normal retirement as defined in the CompanyBank’s or Corporation’s then-current retirement plan, or if there is no such retirement plan, “Retirement” shall mean voluntary termination after attaining age 65. If the Company Bank determines in good faith that the Disability of the Employee has occurred during the Employment Period (pursuant to the definition of Disability set forth below), it may give to the Employee written notice of its intention to terminate the Employee’s employment. In such event, the Employee’s employment with the Company Bank shall terminate effective on the 30th day after receipt of such written notice by the Employee (the “Disability Effective Date”), provided that, within the 30 days after such receipt, the Employee shall not have returned to full-time performance of the Employee’s duties. For purposes of this Agreement, “Disability” shall mean the inability of the Employee, as determined by the Board, to perform the essential functions of his regular duties and responsibilities, with or without reasonable accommodation, due to a medically determinable physical or mental illness which has lasted (or can reasonably be expected to last) for a period of six (6) consecutive months.

Death, Retirement or Disability. The EmployeeExecutive’s employment and the Employment Period shall terminate automatically upon the Executive’s death or Retirement of the Employee during the Employment PeriodRetirement. For purposes of this Agreement, “Retirement” shall mean normal retirement as defined in the CompanyExecutive’s then-current retirement plan, voluntary resignation of employment on or if there is no such retirement plan, “Retirement” shall mean voluntary termination after attaining age 65fifty-five (55) with at least ten (10) years of service. For purposes of this Agreement, Executive’s years of service with TSYS or one of its subsidiaries or affiliates shall be counted as years of service with the Company. If the Company Committee determines in good faith that the Disability of the Employee Executive has occurred during the Employment Period (pursuant to the definition of Disability set forth belowin this § 7(a)), it the Company may give to the Employee Executive written notice of its intention to terminate the EmployeeExecutive’s employment. In such event, the EmployeeExecutive’s employment with the Company shall terminate effective on the 30th thirtieth (30th) day after receipt of such written notice by the Employee Executive (the “Disability Effective Date”), provided that, within the 30 thirty (30) days after such receipt, the Employee Executive shall not have returned to full-time performance of the EmployeeExecutive’s duties. For purposes of this Agreement, “Disability” shall mean the inability of the EmployeeExecutive, as determined by the BoardCommittee, to substantially perform the essential functions of his regular duties and responsibilities, responsibilities with or without reasonable accommodation, due to a medically determinable physical or mental illness or other disability which has lasted (or can reasonably be expected to last) for a substantially continuous period of at least six (6) consecutive months.

Death, Retirement or Disability. The Employee’s employment shall terminate automatically upon the death or Retirement of the Employee during the Employment PeriodTerm. For purposes of this Agreement, “Retirement” shall mean normal retirement as defined in the CompanyBank’s or Corporation’s then-current retirement plan, or if there is no such retirement plan, “Retirement” shall mean Employee’s voluntary termination of his employment after attaining age 65. If the Company Bank determines in good faith that the Disability of the Employee has occurred during the Employment Period Term (pursuant to the definition of Disability set forth below), it may give to the Employee written notice of its intention to terminate the Employee’s employment. In such event, the Employee’s employment with the Company Bank shall terminate effective on the 30th day after receipt of such written notice by the Employee (the “Disability Effective Date”), provided that, within the 30 days after such receipt, the Employee shall not have returned to full-time performance of the Employee’s duties. For purposes of this Agreement, “Disability” shall mean the inability of the Employee, as determined by the Board, to perform the essential functions of his regular duties and responsibilities, with or without reasonable accommodation, due to a medically determinable physical or mental illness which has lasted (or can reasonably be expected to last) for a period of six (6) consecutive months.

Death, Retirement or Disability. The Employee’s employment shall terminate automatically upon the death or Retirement of the Employee during the Employment Period. For purposes of this Agreement, “Retirement” shall mean normal retirement as defined in the CompanyBank’s or Corporation’s then-current retirement plan, or if there is no such retirement plan, “Retirement” shall mean voluntary termination after attaining age 65. If the Company Bank determines in good faith that the Disability of the Employee has occurred during the Employment Period (pursuant to the definition of Disability set forth below), it may give to the Employee written notice of its intention to terminate the Employee’s employment. In such event, the Employee’s employment with the Company Bank shall terminate effective on the 30th day after receipt of such written notice by the Employee (the “Disability Effective Date”), provided that, within the 30 days after such receipt, the Employee shall not have returned to full-time performance of the Employee’s duties. For purposes of this Agreement, “Disability” shall mean the inability of the Employee, as determined by the Board, to perform the essential functions of his her regular duties and responsibilities, with or without reasonable accommodation, due to a medically determinable physical or mental illness which has lasted (or can reasonably be expected to last) for a period of six (6) consecutive months.